ontents of them: To engage in a bank that has neither act of
parliament, charter, nor lands to support it, is like sending a ship to
sea without bottom; to expect a coach and six by the former, would be as
ridiculous as to hope a return by the latter.
It was well known some time ago, that our banks would be included in the
bubble-bill; and it was believed those chimeras would necessarily vanish
with the first easterly wind that should inform the town of the royal
assent.
It was very mortifying to several gentlemen, who dreamed of nothing but
easy chariots, on the arrival of the fatal packet, to slip out of them
into their walking shoes. But should those banks, as it is vainly
imagined, be so fortunate as to obtain a charter, and purchase lands;
yet on any run on them in a time of invasion, there would be so many
starving proprietors, reviving their old pretensions to land, and a
bellyful, that the subscribers would be unwilling, upon any call, to
part with their money, not knowing what might happen: So that in a
rebellion, where the success was doubtful, the bank would infallibly
break.[26]
Since so many gentlemen of this town have had the courage, without any
security, to appear in the same paper with a million or two; it is
hoped, when they are made sensible of their safety, that they will be
prevailed to trust themselves in a neat skin of parchment with a single
one.
To encourage them, the undertaker proposes the erecting a bank on
parliamentary security, and such security as no revolution or change of
times can affect.
To take away all jealousy of any private view of the undertaker, he
assures the world, that he is now in a garret, in a very thin waistcoat,
studying the public good, having given an undeniable pledge of his love
to his country, by pawning his coat, in order to defray the expense of
the press.
It is very well known, that by an act of parliament to prevent profane
swearing, the person so offending, on oath made before a magistrate,
forfeits a shilling, which may be levied with little difficulty.
It is almost unnecessary to mention, that this is become a pet-vice
among us; and though age renders us unfit for other vices, yet this,
where it takes hold, never leaves us but with our speech.
So vast a revenue might be raised by the execution of this act, that I
have often wondered, in such a scarcity of funds, that methods have not
been taken to make it serviceable to the public.
I dare
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